Seattle Houseboats Market Update July 2015

Seattle Houseboats Real Estate Market Updateseattle houseboats for sale in westlake

What Is For Sale On Lake Union Now?

Lots going on across Lake Union!  There are three Seattle floating homes for sale in Eastlake right now – ranging in price form $525,000 to $1,495,000.  All are two bedrooms which gives you a good indicator that it isn’t about bedroom count for Seattle houseboats! There is one other of the Seattle Floating On-Water Residences for sale in Gas Works Park Marina at $519,000 as well.

Pending Seattle Floating Homes In The NWMLS

There are four Seattle floating homes pending in the NWMLS right now. These range in price from $395,000 for a Portage Bay floating home to $1,298,000 for another Portage bay houseboat.  There is one of each in Westlake and Eastlake pending as well.  They range in bedroom count from 1 to 3 bedrooms and have other individual perks as well.  For instance, our Westlake Floating home for sale is part of a co-op that purchased a money making marina to pay for costs of the dock.  It is currently pending. Each one of these homes is so different and that is why when you are looking at Seattle houseboats it is really important to talk to someone who has the experience needed to help you navigate the waters of lake Union and Seattle Houseboat Living ℠.

Closed Transactions on Lake Union:  Seattle Houseboats SOLD – at least EIGHT IN SIXTY DAYS. 

There were at least two other Floating On-Water Residences as well, but let’s look at the Seattle floating homes segment of Seattle houseboats for sale.  There were six Seattle floating homes that closed in escrow in the NWMLS in the last sixty days.  They ranged in list price from $499,000 to $2,595,000 and range in sales price3 from $465,000 to $2,475,000 with an average sales price to list price ratio of 98.03%.

lake union houseboatsYou can see the full NWMLS sheets and comparisons here:

Seattle Houseboats SOLD CMA

Seattle Houseboats SOLD 2015

Average days on market was 26 days for these. They were all around Lake Union in Eastlake, Westlake, and Portage Bay.  The Lake Union Dock had a couple change hands.  Fairview Landing also had one sell. We specialize in floating homes and waterfront homes, so happily we were involved in a third of these home sales. Molly and I sold a great one at 2466 Westlake Ave N for $1,350,000 (on the market for just 7 days) and we listed the beautiful white floating home at 2031 Fairview Ave E for $975,000 (it sold in 5 days for $971,000). It is difficult to judge these unique Seattle waterfront homes by dollar per square foot.  The range of dollar per square foot pricing is as unique as each of these homes – ranging from $525.42 to $1225.85.  The median price was $1,160,000.  For Seattle houseboats, it really is about your unique needs. Please let us know what you are looking for in a new Lake Union home.

Here are some of the most common things that we get asked about with Seattle Houseboats:

  • Viewsseattle houseboats
  • Boat Moorage
  • Rooftop deck
  • Neighborhood
  • Parking
  • Dock Position (End of dock moorage is always the most desirable and the most expensive)
  • Form of Ownership (Co-op, Condo, Fee Simple, Leased)
  • Proximity of Amenities
  • Storage
  • Pets
  • Fees
  • Taxes
Molly Cartwright 206-841-6800   Courtney Cooper 206-850-8841
We can immediately answer your questions or email us at houseboats@CooperJacobs.com
Seattle Afloat ® Seattle Houseboats Experts ℠: We want to help you live your life Afloat In Seattle™

Seattle Floating Homes Market Houseboats Plus A Housebarge

lake union houseboatsSeattle Houseboats Market Update:

In the last sixty days, there have been many significant sale in the Seattle houseboat community.  There have been nine closed sales in the NWMLS for Seattle floating homes and also for Seattle houseboats which are classified as a barge (house barge).

Here are some of the details of the Seattle houseboats which have closed in escrow:

2727 Fairview Ave E #3  This is a grandfathered in Seattle housebarge which was gorgeous. It has 2 bedrooms and was listed on 4/5/2015 for $399,000 and sold for $404,000 after 6 days on the market.  It is located on the Hamlin Pier in Eastlake.  No sales tax on Seattle housebarges for sale if you can find them.

3125 Fairview Ave E #B This 2 bedroom 875 square foot Seattle floating home was listed on 4/30/2015 for $575,000 and sold for full price three days later.  I closed in escrow 5/29/2015.

2727 Fairview Ave E #12  This Seattle floating home is on Hamlin Pier which is a leased dock in Eastlake. It was listed for $695,000 on 3/6/2015  and on the market for 22 days before closing on 4/30/2015 with a final sales price of $675,000.

2031 Fairview Ave E #P  The Lake Union Dock in Seattle’s Eastlake neighborhood.  The next three sold on this dock.  The floating home in slip #P  is 1050 square feet and 2 bedrooms.  It was listed for $725,000 on 4/28/2015 and after 3 days on the market sold for $715,000 and closed on 6/5/2015.  It is the first houseboat on the dock.

2031 Fairview Ave E #B  Another Lake Union Dock gem, Molly and I sold this gorgeous Seattle houseboat to our lucky clients who came out ahead in a fierce multiple offer situation. This two bedroom 1200 square foot floating home was listed on 4/1/2015 for $895,000 and sold after six days on the market and closed in escrow on 5/19/2015 for $900,000.

2031 Fairview Ave E #G Molly and I had the pleasure of listing this one with LeAnne. We listed it on 4/27/2015 for $975,000 and after 5 days on the market it went under contract for full price.  During the inspection, we adjusted the price somewhat for a final sales price of $971,000.  It closed on 6/10/2015. This Seattle floating home is a two bedroom 1184 square foot houseboat in Eastlake. It is second from the end of the dock and offers some pretty great views and nice finish work.

3236 Portage Bay Pl  Moving over to Portage Bay, this two bedroom Seattle floating home was listed on 9/15/2014 for $1,100,000 and after 152 days on the market, it closed in escrow at $1,067,000 on 5/15/2015.  This houseboat offered a unique situation which make it difficult to price – a couple parking spaces and an on land rental income opportunity. People looking for Seattle houseboats for rent would like the land rental and this one also has no HOA so no dues.

10 E Roanoke Reef St #12  Awwe… Roanoke Reef floating homes!  Roanoke Reef is one of the three standards in Seattle luxury floating homes.  This three bedroom floating home is on the back row and offers 1562 square feet of living space to stretch out for your life afloat in Seattle.  It was listed for 4/5/2015 for $1,690,000 and after 276 days on the market sold for cash.  It closed on 5/8/2015 for a final sales price of $1,640,000.

3212 Portage Bay Place #B  Brand new!  Seattle new construction floating homes in Seattle are few and far between.  This one is back over in Portage Bay again and is one of the latest Seattle luxury floating homes to hit the houseboat market.  It was listed for $1,750,000 on 3/28/2015 and after 35 days on the market it sold for full asking price and cash and closed on 5/27/2015.  The square footage  is 1850 square feet of stunning interiors and three bedrooms which is difficult to find outside of Roanoke Reef, Mallard Cove, or Wards Cove.

So the average days on market for these Seattle houseboats for sale is 56 days.  The average dollar per square foot is $751.95 with a range of $657.14 to $1,049.94 for the Seattle floating homes and $404 for the Seattle housebarge Big Brother that closed.  The median sales price for all of these Seattle houseboats is $900,000.

Seattle floating homesOne Final note on The Seattle Houseboats Market:

The sales price to list price ratio is 99.02% making the Seattle floating homes market a healthy opportunity for Seattle buyers who want to be in city but can’t seem to compete in the current market.  In Seattle land homes for certain neighborhoods, homes are selling for $100,000 to $200,000 and more over list in the same price range.  Why not take your buying power and apply it towards Seattle’s most affordable waterfront and closest in city neighborhood? We still have multiple offers in the Seattle floating homes market, but the competition is at a more reasonable pace. I think if more buyers were aware of the attainability of this amazing lifestyle, then more people might jump in and enjoy this unique lifestyle of life afloat in Seattle. seattle houseboats

Please call us if you would like to learn more about living life on Lake Union. Courtney Cooper or Molly Cartwright 206-841-6800  Seattle Houseboats Realtors.  We specialize in Seattle floating homes, Seattle waterfront, Seattle luxury homes, and Seattle neighborhoods. Cooper Jacobs Real Estate, SeattleAfloat.com for Life Afloat In Seattle’s Lake Union Neighborhood.

Seattle Houseboats Brand New Listing: Portage Bay

Seattle houseboats for sale: This one is going to sell fast. I know you hear this a lot, but this one is definitely going to sell fast. It’s what they call a “no brainer” in the world of Seattle houseboats and probably Seattle real estate in general…

  • $229,000
  • $345/mo for the slip with a 30 year lease
  • $509/year taxes
  • that’s it.

Here’s the listing remarks from our Seattle houseboats page:

Perfect houseboat to finally write that novel or just get away from it all! This adorable studio houseboat offers a unique & fun atmosphere. Throughout the seasons, enjoy this living or working environment as you watch a parade of boats go by. Open studio floor plan with cozy fireplace plus bright and beautiful French doors that open up to your very own piece of Seattle waterfront. With a large deck and room for your toys, this is one of the most charming and affordable pieces of waterfront!

Call or text us if you want more info… 206-841-6800  Molly or 206-850-8841 Courtney  @Cooper Jacobs Real Estate – Molly and I specialize in Seattle houseboats, Seattle waterfront, Seattle floating homes, and we love our clients!

 

Seattle Houseboats: What A Difference A Few Weeks Makes In The Floating Home World!

Wow!  What a difference a few weeks makes for Seattle houseboats.


If you want to go back and review my Seattle Floating Homes Market Report from September, then please do so. In the course of three days in the first week or so in October, four Seattle floating homes went pending and one closed in escrow! There are only five Seattle floating homes for sale currently and only 2 of those are under $600k.

Seattle houseboats

Seattle Houseboats:  What A Difference A Few Weeks Makes In The Floating Home World!

Seattle houseboats for sale:  Of the five floating homes available for sale, here is the info:  These range in price from $550,000 to $1,890,000 with a median list price of $1,100,000.  Of these, my favorite is 2017 Fairview Ave E , Slip #O. It has owned moorage – the only one under $600 that owns its own slip.  It is well done, charming, updated, and on a great dock. They are also offering $6000 to go towards your closing costs. It’s a steal…

Pending in the MLS: There are 5 pending Seattle floating homes per the NWMLS.  These Seattle houseboats range in price from $345,000 to $1,300,000.

Seattle houseboats SOLD:  2369 Fairview Ave E #2 has closed in escrow! This is a luxury floating home on the high end Fairview Landing dock. It was listed for $2,950,000 and had a final sales price of $2,850,000 (96.61% sales price to list price). The home is a 3 bedroom 1.75 bath 2150 square foot “houseboat” built in 2009. It sold for $1,325.58 per square foot.


Would you like more information on these sales or Seattle floating homes both off and on the market? 

Courtney Cooper 206.850.8841 courtney@cooperjacobs.com

Molly Cartwright 206.841.6800 molly@cooperjacobs.com

Cooper Jacobs Real Estate:  Seattle Houseboats Realtors

NWMLS Changes How Some Houseboats Are Treated So We Won’t Have Any More Boats

In recent years all houseboats have been listed in the NWMLS whether they were floating homes, vessels, or barges.  This opened the door for a broader definition of houseboat and in some cases we saw vessels in the MLS that were practically ski boats being listed by real estate agents.  I am exaggerating of course,  but you get my point.

The MLS has recently ruled that they will not allow any houseboats that are or have ever been registered as vessels in the MLS.  This caused many listings in the last week or so to be deleted without warning even though I personally think they should have been grandfathered in and allowed until expiration.  Never the less, they were deleted.  Seattle houseboat

Molly and I deal mostly in floating homes, but we are SeattleAfloat.com so we have sold all types of houseboats.  In addition to the Seattle floating homes we have listed right now, we also have a house barge.  Until today we also had a vessel houseboat listed in the MLS.  Our client is actually lucky because they happen to have a houseboat AND an owned moorage slip in Gas Works Park Marina.  As Realtors in the MLS we are allowed to list moorage slips so the slip is listed now and the “houseboat is included for the buyer’s convenience”.

Seattle floating homes owners:  What does this mean to you?

  • If you are a Seattle floating home, you are allowed to be in the MLS – whether your moorage is owned or leased.
  • If you are a legal housebarge owner and your houseboat is in your owned slip, then you are good to go and can be listed no problem as of this date.  No guarantees from the MLS on when this will change, but for now you are allowed to be in the MLS as a houseboat.
  • If you are not one of the grandfathered in legal house barges of Seattle, you are not even allowed to be on the lake as a live aboard as far as I know and definitely not allowed in the MLS.
  • If you are a Vessel type houseboat and in a leased or otherwise unowned slip, you are left to your own devices to sell outside of the MLS.  I personally suggest Craigslist.  This includes most marinas around Lake Union and most importantly Seattle Marina which has the largest concentration of vessel type houseboats.  Nothing in Seattle Marina can be listed in the MLS as of last week.
  • If you are a Vessel type houseboat and you are in your owned moorage slip, you are allowed to be in the MLS, but under moorage, not as a houseboat. We can still market your houseboat along with your slip because it is included in the slip purchase.

If you are confused, you are not alone.  However, this is what we are here for.  Let me know if you have questions or need details on how to sell your Seattle houseboat.  courtney@cooperjacobs.com